Staples Center, which has a capacity of 19,000, hosts more than 250 events, Coachella is famous for its flashy outfits and Instagram-worthy attractions, more than 100,000 people attended Coachella. got into the family business of exploratory oil drilling, according to Bloomberg. "The Fabulous House of Kleberg: A World of Cattle and Grass," Fortune, June 1969. https://www.encyclopedia.com/books/politics-and-business-magazines/king-ranch-inc, Jacobson, Robert R.; Stansell, Christina M. "King Ranch, Inc. Although several King heirs wanted to break up and sell the ranch to turn a quick profit, the family decided to keep it intact. Indeed, by the late 1990s King Ranch's portfolio was hugely diversified, ranging from oil to citrus to cattle. Canada's Richest People: Muzzo Estate - Canadian Business Kleberg quickly became an indispensable part of the ranchs operation. In one notable case, King traveled to the village of Cruillas, Tamaulipas, Mexico in the early months of 1854 (the village having been decimated by a severe drought) and purchased the village's entire cattle population. In Australia, one of Kings partners was Swift& Co., the biggest buyer of the ranchs U.S. beef output. List of royalty by net worth - Wikipedia His net worth is $1 million as of 2022 and is projected to rise in the near future. Staples Center, which has a capacity of 19,000, hosts more than 250 events each year, including NBA All-Star Games, NHL All-Star Games, and the Grammys, as well as concerts by the likes of Bruce Springsteen, U2, Prince, Beyonc, Paul McCartney, Jay-Z, Kanye West, Adele, Taylor Swift, and Britney Spears. After moving to South Texas, he founded a steam boat line with his lifelong friend Mifflin Kenedy setting up ports and moving goods and people along the lower Rio Grande River. Civil rights leader All rights reserved. While King Ranch remained a powerful entity in the business world, a new thorn threatened to shadow its anniversary celebration. He also currently serves as a Director of Consolidated Citrus Limited Partnership, the nation's largest citrus grower, where he previously served as President and CEO from 1999 to 2005. 10-32. The popular two-weekend April music festival in Indio, California, is organized by Goldenvoice, which AEG bought in 2001. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the U.S. Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. Pronunciation: Jek-uh-LIGH-uh. King Ranch is a corporation that is privately owned by around 60 people who are the descendants of Richard King. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Encyclopedia.com. bought his shares of the NBA team in 1998. "Today's King Ranch," Cattleman, September 1995, pp. His son, Dick Jr., had been playing an increasingly important role in company affairs since the 1940s, and in 1969 he was named chairman of the King Ranch board of directors. In order to expand the ranch during its early years, King hired a lawyer to seek out the owners of the old land grants throughout the area. Anschutz is also known for supporting Republican political causes. as well as other partner offers and accept our, Duane Howell/The Denver Post via Getty Images, Horacio Villalobos/Corbis via Getty Images, Helen H. Richardson/The Denver Post via Getty Images, two people who have made the Forbes 400 list of the richest Americans every year, Coachella music festival has been postponed. SCLC Formed The ranch managed to survive its early years in spite of a hostile environment created by the presence of bandits, unhappy Indians, and the usual assortment of rustlers, raiders, and ruffians associated with the Wild West. LOCATION Brooks, Jim Wells, Kenedy, Kleberg, Nueces, and Willacy counties. stands for partners Lewis and King. Godwyn, Frank, Life on the King Ranch, New York: Thomas Y. Crowell, 1951. Beef was not the only thing King Ranch was able to breed successfully. He was indentured to a jeweler at age 11, but later ran to sea,[1] eventually attaining a pilot's rating. "King Ranch, Inc. King Ranch cares about our employees and their families. "I started coming here when I was 5," Anschutz told the publication in 2016. By 1952 the company was sending livestock to outposts in Cuba and Australia with the hope of boosting production by introducing Santa Gertrudis genes into the mix. King Ranch. Public Company [2][6] The Texas Cowboy Hall of Fame inducted the ranch in 2019. Robert Justus Kleberg Jr. and Alice Gertrudis King had one child named Helen. Anschutz and his wife have three children: two daughters and a son. 23 Feb. 2023 . The company eventually established a presence in Brazil, Argentina, and Venezuela, where the techniques developed to clear mesquite brush in Texas could be used on South American rain forest. We strive to protect and preserve our environment Finally, in 1899, an artesian well was drilled. Between 1869 and 1884, over 100,000 head of cattle from King Ranch made the trip. Jay Kleberg of Texas' King Ranch family is running for land A management upheaval took place in 1987 when, within the span of half a year, Clement retired as president of King Ranch and Yarborough retired as president of the King Ranch Oil & Gas subsidiary. Hunter King Actress, Bio, Wiki, Age, Husband, Joey King, Movies, and The 80-year-old's fortune stems from diverse sources including oil, railroads, telecom, real estate, and entertainment. These transplanted villagers went to work on the ranch. He then bought the parcels and annexed them to the ranch. Internet: http://www.burgerking.com Yarborough to take control of King Ranch's oil and gas business. Although 60,000 head of cattle still graze King Ranchs sprawling acreage and the company remains a major force in the cattle industry, King Ranch has evolved into a distinct agribusiness and energy corporation. Richard King (18241885) was a river pilot, born in New York City to Irish immigrants. Houston, TX 77056 The Brahmans, which were native to South Asia, were well adapted to thrive in South Texas' hot climate; they were crossed with the ranch's Beef Shorthorns to produce the ranch's own trademark stock the Santa Gertrudis cattle, which were recognized as a breed in 1940. By the end of the 1860s, King Ranch longhorns were being sold in northern markets. King Ranch has licensed its name to Ford, which adds it to the F-150 King Ranch pickup. Encyclopedia.com. His father,. The 10 Biggest Ranches In The Entire State Of Texas - Wide Open Country In August 2003, however, the Texas Supreme Court ruled against the Chapman descendants, arguing that there was not enough evidence to proceed with a trial. Today, now known as Regal Cinemas, it's one of America's largest movie theater chains. Meet Philip Anschutz, Billionaire Owner of Coachella and LA Kings Most online reference entries and articles do not have page numbers. This snub, combined with legal haggling over oil payments to family members, led to Sheltons departure from the company a few years later. DemolitionRanch Net Worth - Income and Earnings Exposed As Kleberg became weaker, he passed on responsibility for running the ranch to his sons, Bob and Dick Kleberg. His eye for an opportunity was at its sharpest when, after well over a hundred miles of riding over the wild lands, he and his party came to the cool, refreshing waters of Santa Gertrudis Creek. Pronunc, King of the Jews: A Novel of the Holocaust, https://www.encyclopedia.com/books/politics-and-business-magazines/king-ranch-inc-0, https://www.encyclopedia.com/books/politics-and-business-magazines/king-ranch-inc. Meanwhile, brother Dick served the company from the outside as president of the Texas and Southwestern Cattle Raisers Association and, beginning in 1931, as a seven-term member of the U.S. Congress. The General Land Office is Texas' oldest state agency and manages public lands and is in charge of enforcing the Coastal Beach Act, which provides for "free and unrestricted right to access Texas beaches" along the Gulf of Mexico. Anschutz's company did not respond to Business Insider's request for comment on his behalf for this story. King Ranch, Inc. - Company Profile, Information, Business Description AEG did not respond to Business Insider's request for comment on Anschutz's behalf regarding his reported support of anti-LGBTQ causes. Gonzalez, John W., "Nostalgia, Prestige Rules Kingsville, Texas, Ranch Auction," Houston Chronicle, October 5, 2003. Employees: 418 This snub, combined with legal haggling over oil payments to family members, led to Shelton's departure from the company a few years later. King Ranch celebrated its 150th anniversary in 2003. The King's Palace - Texas Monthly Tio Kleberg continued to run the ranch's day-to-day operations. Kleberg said he ran in the GOP primary, which he lost, because he thought the Democratic stronghold of El Paso needed someone from Texas' majority party to carry the region's voice to the Capitol. In 1867 King began using the Running W brand to mark his cattle. Russias War On Ukraine: Daily News And Information From Ukraine, Sen. Feinstein Hospitalized With ShinglesStraining Democrats Narrow Majority, hedge fund billionaire Louis Bacon bought in 2007 for $175 million, the (former) St. Louis Rams were relocating to Los Angeles. Three Riverway, Suite 1600 Dick Kleberg died in 1955. In 2018, Cineworld made a $3.6 billion deal to buy Regal Cinemas. "Biggest Ranch Jumps Some Oceans," Business Week, May 17, 1952, pp. Even if he sported a conventional hair style, Don King might still be one of the most recognizable people in sports t, 17777 Old Cutler Road In 1867 King began using the Running W brand to mark his cattle. King thus returned to Cruillas and offered the villagers the opportunity to work for him, in exchange for food, shelter, and income. Operations - King Ranch ." To date the most expensive ranch to sell in the U.S. was the Forbes family's . Dawn Buckingham to run for Texas land commissioner. We expect the best from our amazing employees to keep King Ranch going for centuries to come. 7. Nixon, Jay, Stewards of a Vision: A History of King Ranch, Houston: King Ranch, Inc., 1986. Three Riverway, Suite 1600 The company represents a colorful part of Texas history. Young Richard distinguished himself as a tireless worker and a fast learner with an ever-keen eye for opportunity. "This is not a plaything," Uechtritz said. Lea portrays King's purchase of the Ranch as motivated by his wooing of Henrietta Maria Morse Chamberlain (18321925), whom he married in the First Presbyterian Church, Brownsville, on Sunday, December 10, 1854. AUSTIN Jay Kleberg, a conservationist and filmmaker who is part of thefamily that hasowned the famous King Ranch in South Texas for generations, said Thursday he's running for state land commissioner as a Democrat to battle climate change and preserveTexas' 13 million acres of public land. The cruise line was recently voted the Best Small Ship Cruise Line by AFAR and earned a top spot as Best Small Ship in Cond Nast Traveler's Readers' Choice Awards. As of March 2023, King Bach's net worth is roughly $3 Million. 4861, 89109. "I'm about to say something so simple. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. [4] It is mainly a cattle ranch, but also produced the Triple Crown winning racehorse Assault . He traversed a region then known as the Wild Horse Desert and was captivated by it. International Directory of Company Histories. In the 1950s the company went international. The company began actively exploring for oil and gas, rather than passively waiting for royalties on the oil and gas found on its property by others. Copyright 2023 King Ranch. He quickly formed a partnership with another friend, Texas Ranger Captain Legs Lewis. The Liver King has a net worth of approximately $100 million dollars as of December 2022. At the King Ranch Saddle Shop, you can find exquisite leather goods and quality outdoor gear for your next adventure. The land, which was shaded by large mesquite trees, so impressed him, when he arrived at the fair, he and a friend, Texas Ranger Captain Gideon K. "Legs" Lewis, agreed then and there to make it into a ranch. Wealth-X estimates Prince William's net worth is around $40 million. Many of the villagers accepted King's offer and relocated to Texas. A couple months later, Abraham Zaleznik, a King Ranch director since 1988, replaced the retiring Denman as chairman of the board. The onset of the Depression, which caused beef prices to drop to the centurys lowest levels, made matters even worse. Johnstone, is based on the true story of the founding of King Ranch. Bachelor "King Bach" is a Canadian actor, comedian and Internet personality known for being the most followed person on the now-defunct video-sharing service Vine. Meanwhile, as an outgrowth of the King Ranch Quarter Horse program, the company became involved in competition cuttingan arena event in which horses try to separate individual heifers from the herdin the mid-1970s. [5] The ranch was designated a National Historic Landmark in 1961. Lea, Tom, The King Ranch, Boston: Little, Brown and Company, 1957 McGraw, Dan, A Fistful of Dollars, U.S. News& World Report, July 24, 1995, pp. Captain King started up his ranch in 1853 in an area known at the time as the Wild Horse Desert or the Nueces Strip, bounded by the Nueces River on the north and the Rio Grande on the south. International Directory of Company Histories. The party has been shut out in statewide elections since 1998. "You dont buy a half a million acres of land if youre just looking to kick around on the weekend.". Biggest Ranch Jumps Some Oceans, Business Week, May 17, 1952, pp. He also began to cross his cowherd with Shorthorn and Hereford bulls, since the expansion of the railroad made the Longhorn's ability to walk long distances irrelevant. The University of Colorado's medical school, to which Anschutz donated $120 million in 2018, bears his name. From its beginnings in the mid-19th century as a family cattle ranch, the company has evolved into a major multinational operation active in a variety of agricultural and energy-related activities. [citation needed], A cowboy's perspective on the King Ranch subsidiary in Australia, the cattle station Brunette Downs, is captured in the 2012 autobiography by Nick Campbell-Jones Don't Die Wondering. Kleberg built fences to divide the sprawling ranch into more manageable units. Dawn Buckingham, R-Lakeway, who represents a district that sprawls from western Travis County to much of the Hill Country, also is running for the seat and has the support of former President Donald Trump. Kroenke, worth $7.3 billion by Forbes' latest count, announced in January that the (former) St. Louis Rams were relocating to Los Angeles. On November 18, 1936, Luther Blanton and his son, John, trespassed on the ranch by crawling through the fence surrounding it. (February 23, 2023). In 2017, Anschutz faced criticism over his reported donations to anti-LGBTQ organizations, including the Alliance Defending Freedom, the National Christian Foundation, and the Family Research Council. [15], Edna Ferber's novel Giant of the ranches of Texas was turned into a film of the same name. At the death of Henrietta King in 1925, the ranch totaled 1.2 million acres that were divided among her heirs. According to The Los Angeles Times, he does not even have a Los Angeles address. [5] In sum, in 1854, King paid $12,275.79. Net Worth:$1.86 billion( 2.2% from 2017) Rich 100 rank: #62. 2023 www.caller.com. Nascent greatness would not be shackled or ever satisfied with such circumstances. Morocco and Spain soon followed as well. Shortly thereafter, locals organized a group to force their way onto the ranch around the area where they were known to have gone hunting. 23 Feb. 2023 . In 1993, the company formed and acquired a 50 percent interest in Running W Citrus Limited Partnership, a subsidiary created to oversee 16,000 acres of Coca-Cola's Minute Maid Citrus Groves in South Florida. . Several new ways to generate revenue were found over the next few years. King Ranch Saddle Shop - King Ranch Both in the cattle business and in its other pursuits, the management and shareholders of King Ranch have expressed a commitment to the kind of experimentation and innovation that have helped the company thrive for so many years. Cite this article Pick a style below, and copy the text for your bibliography. King Ranch began selling Santa Gertrudis bulls to other ranchers in the 1930s, and in 1940 the United States Department of Agriculture recognized Santa Gertrudis as the first ever American-produced beef breed. One of their daughters, Libby Anschutz, is a musician in a Denver-based band called Tracksuit Wedding. The King Ranch itself covers about 825,000 acresslightly larger than the state of Rhode Islandon four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. Anschutz's company did not respond to Business Insider's request for comment on his behalf regarding his real-estate and property ownership. Dawn Buckingham to run for Texas land commissioner, Your California Privacy Rights / Privacy Policy. Along the way, the city of Kingsville was incorporated, following the vision of Henrietta King. In 1976 Clement hired W.B. . After his departure, Roger Jarvis, who had been running the company's petroleum operations, was named president and CEO. "Philip Anschutz is sort of like the Wizard of Oz," Los Angeles economist Jack Kyser told the Times in 2006. Our employees receive a discount on the items sold within our King Ranch Saddle Shop Stores. The company entered the new millennium preparing to celebrate its 150th anniversary in 2003. Within a decade, through a combination of strategic horse purchases and the application of its fabulously successful breeding techniques, King Ranch had established a dynasty of champion cutting horses. The company began actively exploring for oil and gas, rather than passively waiting for royalties on the oil and gas found on its property by others. Fax: (305) 378-7262 Votin, Jecholiah During the lean year that followed, King continued to fence his land, and manage his cattle, horses and sheep. [citation needed]. [11] The appraiser's Statement of Gross Estate, Mrs. H. M. King listed a net total of $5.4 million, as the owner of 997,444.56 acres (4,036.5km2), which did not include the Santa Gertrudis headquarters, nor did it include the Kleberg's Stillman and Lasater tracts, which were not of the estate. Our people possess a diverse range of skills, education and expertise while performing many different kinds of jobs. On a Texas ranch, a steer worth $11 would bring $20 from a buyer in Abilene. More and more emphasis was placed on applying modern business principles to these tradition-bound endeavors. Robert Kleberg died in 1932, signaling a complete generational shift in the ranchs management. The merger structured as a stock swap worth $53 million . 36-38. Thank you for stopping in to check us out. He was then appointed as Senior Vice President in March 2008 and was appointed as President/CEO, as well as a Director, in June 2010. Uechtritz said Waggoner Ranch has an even more storied legacy that Kroenke could potentially license. Stephen J. By the early 1970s, King Ranch controlled about 11.5 million acres of land worldwide. Some examples include a community garden, Recipe For Success program for our local school, raising money for Kingsvilles downtown preservation through our Ranch Hand Breakfast, Toys for Tots at Robstown Hardware and The American Heart Association walk in Houston. (February 23, 2023). 2023 estimates suggest that the Demolition Ranch net worth is around $5 million. Birmingham Protest March The 18631864 winter pushed uncounted cattle south toward the Nueces River and Rio Grande. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brahmans' ability to withstand the hot climate of summertime Texas. The Fabulous House of Kleberg: A World of Cattle and Grass, Fortune, June 1969. Dick Kleberg, Jr., died in 1979, and soon after that his son, Stephen "Tio" Kleberg, took over management of King Ranch South Texas, the company's core ranch operation. King had arranged for Major W. W. Chapman (died 1859) to bid on the Rincn property, which Chapman acquired for $1,575. View source; View history; This is a list of richest monarchs and family members, as estimated by the CEOWORLD magazine in 2019 and Business Insider in 2018, by their personal net worth, excluding properties held by the state, government or Crown . In 2018, more than 100,000 people attended Coachella each day. The Biggest Ranches - Texas Monthly The 34 Richest People in Toronto in 2022: Their Net Worth - Hardbacon We bring meaningful support to the communities where we live and work by providing job opportunities and attracting economic growth. AEG operates more than 90 clubs and theaters around the world and produces or supports more than 25 music festivals. During all of this, the Ranch was a going concern, with a net profit of $227,382, as early as 1926. Copyright 2023 King Ranch. That year, Jack Hunt, formerly the CEO of Californias Tejon Ranch, was named president and CEO of King Ranch. Their descendants, who became known as kienos (Kings men), have formed the core of the King Ranch work force ever since. Location: Woodbridge, Ont. Robert J. Underbrink is President/CEO of King Ranch, Inc. King Ranch is a seventh generation family-owned agribusiness operation organized into nine distinct business segments: Ranching/Wildlife, South Texas Farming, Texas Turfgrass, Pecans, Citrus, Florida Farming, Retail, Minerals and Corporate. His fans are curious to know how much wealth he has amassed to date. Additionally, you can watch a saddle being hand-made by our master saddle maker who continues to follow the spirit and tradition of the craftsmanship and timeless techniques that King Ranch has been long known for. [10] At the time, the ranch grazed cattle, horses, sheep and goats. Four years later he became the first president of King Ranch Oil and Gas, Inc., a new wholly owned subsidiary formed to handle all of King Ranchs petroleum affairs. The 2020 festival, which had been planned from April 10 to 12 and April 17 to 19, will now be held from October 9 to 11 and October 16 to 18. By the mid-1870s, though, the ranch's hallmark stock had become the hardy Texas Longhorn. On the first Forbes 400 list in 1982, Anschutz, then 42 years old, was ranked the seventh-richest person in the US with an estimated net worth of "over $1 billion." Today, he's the 40th-richest . He was hired by King Ranch Inc. in 1984 as a management trainee and traveled to various operations in the United States and throughout South America and Australia. Cotton farming was another area into which the company plunged with a fair amount of success. Married King Amaziah; children: King Azariah (or Uzziah). The King Ranch itself, which covers about 825,000 acres--slightly larger than the state of Rhode Island--on four separate divisions of land in South Texas known as the "Home Ranches": Santa Gertrudis, Laureles, Norias, and Encino. Stephen J. "Tio" Kleberg - Caesar Kleberg Wildlife Research Institute KRIRM 2023 Winter Newsletter by king-ranch-institute - Issuu International Directory of Company Histories. I Have a Dream From 1969 to 1971, he served as a Lieutenant in the U. S. Army . Those who bought tickets will be sent information by March 13 on how to get a refund if they're unable to attend in October, according to a statement emailed to Business Insider. The result was a new breed, which they dubbed Santa Gertrudis. The Santa Gertrudis cattle combined the beefiness of the British Shorthorns with the Brah-mans ability to withstand the hot climate of summertime Texas. By 1871, though, 700,000 head of cattle caused a market glut, which King avoided by personal negotiation in Abilene. Although Anschutz sold some of his Regal shares in a 2002 public offering, he remained the majority shareholder. In terms of ranches in the U.S., Waggoner Ranch is smaller in acreage only than King Ranch, a Texas ranch that once stretched to 825,000 acres across multiple parcels. The Civil War years found the resourceful Captain King thriving in his steamboat business by running the Union blockade, but his long-term vision was for the new ranch he was building. During the 1970s, Clement began to feel that the company had become unwieldy, and he started selling off chunks of King Ranch's overseas real estate. Captain King, ever the innovator, did a new thing on the land he was taming. As Mexico was a neutral country, the steamboats could not be stopped by Union blockaders, and engaged in a lively commerce of transporting Texas cotton to many deep-water ships anchored offshore Matamoros, on the Mexican side of the Rio Grande. One technique King used to manage costs was to make his trail bosses the owners of the herd. Under Tio Kleberg's guidance, the company continued to update its cattle, horse, and farming operations. During the Civil War, the ranch served as a depot for the export of southern cotton through Mexico, sidestepping the Union naval blockade. After a grueling ride, King caught sight of the Santa Gertrudis Creek, 124mi (200km) from the Rio Grande. Incorporated: 1964 He started Anschutz Corporation in 1965 and got into the family business of exploratory oil drilling, according to Bloomberg. To get the company back in the black, Kleberg turned to petroleum. Mrs. King, who outlived her husband by 40 years, made Kleberg the full-time manager of the ranch. The exact purchase price was not disclosed, but if it came anywhere near theasking price the ranch would become the priciest ever to sell in the U.S. (713) 367-7300, Private Company Incorporated: 1934Employees: 663Sales: $250 millionSICs: 0212 Beef Cattle, Except Feedlots; 1311 CrudePetroleum& Natural Gas; 2711 Newspapers; 5211Lumber& Other Building Materials Dealers; 5083 Farm& Garden Machinery& Equipment; 5948 Luggage&Leather Goods Stores. Henrietta King died in 1925, at the age of 92. Linda Campbell - $8.4 billion. Along the way, the ranch's selective breeding efforts intensified. Denhart, Robert Moorman, The King Ranch Quarter Horses, Norman, Oklahoma: University of Oklahoma Press, 1970. King and Lewis established a cow camp on Santa Gertrudis Creek. "When [Anschutz] visits Los Angeles, he is accompanied by no chauffeur, personal assistant, or bodyguard," Connie Bruck wrote for The New Yorker in 2012. It became too tempting to simply herd cattle across the Nueces or Rio Grande. The top earning YouTuber is the man behind Demolition Ranch, which has proved to be one of the largest firearms channels, and Off The Ranch. Under Klebergs management, operations at the ranch were streamlined and made more efficient. The divisions are the Santa Gertrudis, the Laureles, the Encino and the Norias. ACRES 825,000. During the 1940s and 1950s, a number of innovations improved production and kept King Ranch at the cutting edge of the cattle industry. The result was a new breed, which they dubbed "Santa Gertrudis." While he could not say how close to the $725 million asking price it sold for, Bernard Uechtritz, advisor to Briggs Freeman Sothebys International Realty in Dallas who led the marketing of the property, said "I think you can assume it was close enough to make both sides very happy.". At some 825,000 acres (3,340km2; 1,289sqmi)[3] it is larger than the state of Rhode Island and country of Luxembourg. Lea, Tom, The King Ranch, Boston: Little, Brown and Company, 1957. It includes portions of six Texas counties; most of Kleberg and much of Kenedy, with portions extending into Brooks, Jim Wells, Nueces, and Willacy counties. In Australia, one of King's partners was Swift & Co., the biggest buyer of the ranch's U.S. beef output. The Klebergs, the family that owns the legendary King Ranch in Texas, could be sitting on a billion dollars of land value, according to one estimate.